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Price adjustments by a gasoline retail chain

Asplund, Marcus; Eriksson, Rickard; Friberg, Richard - Economics Institute for Research (SIR), … - 1997

This paper provides a detailed examination of price responses in the Swedish gasoline market to changes in the world market price. We use daily price data from one of the leading retail chains together with input costs (spot market price and exchange rate)for the period January 1980 to December...

Persistent link: https://www.econbiz.de/10005649359

Stronger evidence of long-run neutrality: A comment on Bernanke and Mihov

Giordani, Paolo - 2001

, but their output response to monetary policy shocks remains stubbornly persistent. This paper argues that the omission of … a measure of output gap from the VAR estimated by Bernanke and Mihov lies at the heart of this ''excessive'' persistence … proxy for the output gap in the VAR is then shown to drastically increase the evidence for long-run money neutrality on US …

Persistent link: https://www.econbiz.de/10010281288

Reconsidering the role of money for output, prices and interest rates

Favara, Giovanni; Giordani, Paolo - 2002

New Keynesian models of monetary policy assign no role to monetary aggregates, in the sense that the level of output … predictions, shocks to broad monetary aggregates have substantial and persistent effects on output and prices. …

Persistent link: https://www.econbiz.de/10010281333

Reserves, money supply and prices: The international adjustment mechanism in Sweden under the silver and gold standards, 1834 - 1913

Ögren, Anders - 2003

This paper explores how international capital movements affected the domestic money supply. This requires that the causality at work in the adjustment process be analyzed. For this purpose, series of central bank reserves, the monetary base, the money supply and the balance of payments were...

Persistent link: https://www.econbiz.de/10010281339